The Nikkei 225 Future is trading at 23,798.00 with a loss of -0.84% percent or -202.00 point .The NSE Nifty Future is trading at 11,041.80 with a loss of -0.07% percent or -8.20 point. The Hang Seng Future is trading at 27,706.50 with a loss of -0.45%percent or -125.50 point.
TODAY’S FACTORS AND EVENTS
Japan’s Nikkei snapped an eighth-day winning streak on Thursday, losing ground as profit-taking kicked in, but some automakers rose after the United States indicated it won’t impose further tariffs on Japanese automotive products for now.
Nikkei share average .N225 fell 1.0 percent to 23,796.74 in choppy trade, after flirting in positive territory in the morning.
The Nikkei had gained about 5 percent over an eight-day period to Wednesday, reaching more than eight-month highs.
“There were signs of overheating so it was natural to see a correction,” said Chihiro Ohta, general manager of investment research at SMBC Nikko Securities.
WORLD MARKETS
For the day the Dow is trading at 26,385.28 with a loss of -0.40% percent or -106.93 point. The S&P 500 is trading at 2,905.97 with a loss of -0.33% percent or -9.59 point. The Nasdaq Composite is trading at 7,990.37 with a loss of -0.21% percent or -17.10 point.
In other parts of world, Japan’s Nikkei 225 is trading at 23,796.74 with a loss of -0.99% percent or -237.05 point. Hong Kong’s Hang Seng is trading at 27,709.19 with a loss of -0.39% percent or -107.68 point. China’s Shanghai Composite is trading at 2,789.39 with a loss of -0.62% percent or -17.42 point. India’s BSE Sensex is trading at 36,423.26 with a loss of -0.33% percent or -119.01 point at 12:15 PM.